True/False
When a personal guarantee has been signed by a shareholder, the creditor can demand payment from that shareholder despite the separate legal entity nature of the corporation.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q119: What are preferred shares?
Q120: John Hollin was an officer, director, and
Q121: An agent owes a fiduciary duty to
Q122: Long ago, your friend Harry became wealthy
Q123: Joe is an environmental activist and he
Q125: Explain the nature of the director's duties
Q126: Jed Wimsey, in auditing the books of
Q127: A person who participates in the initial
Q128: One of the most common ways for
Q129: What is the purpose of a unanimous